LICCX | International Equity Fund Class C | Lord Abbett
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International Equity Fund

Summary

Summary

What is the International Equity Fund?

The Fund seeks to deliver long-term growth of capital by investing primarily in stocks of international companies.

Fund Basicsas of 09/30/2020

Total Net Assets
$391.08 M
Inception Date
12/31/2003
Dividend Frequency
Annually
Fund Expense Ratio
1.92%
Number of Holdings
99
Minimum Initial Investment
$1,500+

Fund Expense Ratio :

1.92%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2003
w/o sales charge -0.95% 7.58% 0.36% 3.86% 2.66% 3.57%
Lipper Category Avg. International Large-Cp Gro Fds 5.78% 15.88% 6.03% 8.33% 5.95% -
MSCI ACWI ex USA Index (Net) -5.44% 3.00% 1.16% 6.23% 4.00% 5.53%
w/ sales charge -1.94% 7.58% 0.36% 3.86% 2.66% 3.57%

Fund Expense Ratio :

1.92%

Fund Expense Ratio :

1.92%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2003
w/o sales charge -0.95% 7.58% 0.36% 3.86% 2.66% 3.57%
Lipper Category Avg. International Large-Cp Gro Fds 5.78% 15.88% 6.03% 8.33% 5.95% -
MSCI ACWI ex USA Index (Net) -5.44% 3.00% 1.16% 6.23% 4.00% 5.53%
w/ sales charge -1.94% 7.58% 0.36% 3.86% 2.66% 3.57%

Fund Expense Ratio :

1.92%

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Countryas of 09/30/2020View Portfolio

Country Assets
Japan 15.8%
France 10.8%
China 9.5%
Switzerland 8.1%
Germany 7.5%
United Kingdom 7.1%
Hong Kong 4.5%
Denmark 4.1%
Taiwan 3.6%
Australia 3.2%
Spain 3.1%
Canada 3.1%
Sweden 2.8%
Belgium 2.6%
Netherlands 2.6%
Republic of Korea 2.1%
United States 1.6%
Ireland 1.3%
India 1.3%
Russian Federation 0.9%
Cayman Islands 0.8%
Bermuda 0.5%
Indonesia 0.5%
Brazil 0.5%
Luxembourg 0.1%
Region Weighting Fund Change from Previous Quarter
Europe ex-U.K. arrowUp2.6%
Asia/Pacific arrowUp2.0%
Japan arrowUp0.2%
United Kingdom arrowDown1.4%
Americas arrowDown3.9%
EMEA arrowDown0.4%
Cash arrowUp0.9%

INVESTMENT TEAM

Matthias A. Knerr
Matthias A. Knerr, CFA

Portfolio Manager

25 Years of Industry Experience

Sue Kim
Sue Kim

Director of Global & Emerging Market Equities

20 Years of Industry Experience

Todd D. Jacobson
Todd D. Jacobson, CFA

Partner & Portfolio Manager

32 Years of Industry Experience

Supported By 33 Investment Professionals with 18 Years Avg. Industry Experience

YOUR REPRESENTATIVE

To contact your representative, enter your zip code and select your channel below.

Performance

Performance

Fund Expense Ratio :

1.92%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2003
w/o sales charge -0.95% 7.58% 0.36% 3.86% 2.66% 3.57%
Lipper Category Avg. International Large-Cp Gro Fds 5.78% 15.88% 6.03% 8.33% 5.95% -
MSCI ACWI ex USA Index (Net) -5.44% 3.00% 1.16% 6.23% 4.00% 5.53%
w/ sales charge -1.94% 7.58% 0.36% 3.86% 2.66% 3.57%

Fund Expense Ratio :

1.92%

Fund Expense Ratio :

1.92%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2003
w/o sales charge -0.95% 7.58% 0.36% 3.86% 2.66% 3.57%
Lipper Category Avg. International Large-Cp Gro Fds 5.78% 15.88% 6.03% 8.33% 5.95% -
MSCI ACWI ex USA Index (Net) -5.44% 3.00% 1.16% 6.23% 4.00% 5.53%
w/ sales charge -1.94% 7.58% 0.36% 3.86% 2.66% 3.57%

Fund Expense Ratio :

1.92%

Year Fund Returns MSCI ACWI ex USA Index (Net)
2019 20.53% 21.51%
2018 -18.88% -14.20%
2017 24.17% 27.19%
2016 -2.56% 4.50%
2015 -3.38% -5.66%
2014 -10.07% -3.87%
2013 21.59% 15.29%
2012 13.92% 16.83%
2011 -12.72% -13.71%
2010 5.76% 11.15%
2009 32.32% -
2008 -43.00% -
2007 12.93% -
2006 22.85% -
2005 16.46% -
2004 13.40% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2020 -21.98% 17.84% 7.73% - -2.56%
2019 9.39% 4.25% -2.69% 8.62% 20.53%
2018 -1.20% -5.35% 0.15% -13.38% -18.88%
2017 5.54% 5.16% 7.17% 4.39% 24.17%
2016 -3.16% -3.00% 6.81% -2.88% -2.56%
2015 3.59% -0.46% -9.14% 3.12% -3.38%
2014 -2.07% 3.73% -6.27% -5.54% -10.07%
2013 3.78% -0.66% 10.49% 6.74% 21.59%
2012 11.06% -7.97% 6.02% 5.13% 13.92%
2011 4.30% 1.51% -20.17% 3.26% -12.72%
2010 -0.09% -15.10% 17.99% 5.67% 5.76%
2009 -13.82% 28.21% 20.54% -0.65% 32.32%
2008 -10.12% -1.95% -20.75% -18.39% -43.00%
2007 3.31% 8.02% 2.97% -1.73% 12.93%
2006 9.05% -2.67% 4.34% 10.94% 22.85%
2005 0.17% 0.09% 8.75% 6.81% 16.46%
2004 0.99% -1.17% -0.89% 14.64% 13.40%

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Countryas of 09/30/2020

Country Assets
Japan 15.8%
France 10.8%
China 9.5%
Switzerland 8.1%
Germany 7.5%
United Kingdom 7.1%
Hong Kong 4.5%
Denmark 4.1%
Taiwan 3.6%
Australia 3.2%
Spain 3.1%
Canada 3.1%
Sweden 2.8%
Belgium 2.6%
Netherlands 2.6%
Republic of Korea 2.1%
United States 1.6%
Ireland 1.3%
India 1.3%
Russian Federation 0.9%
Cayman Islands 0.8%
Bermuda 0.5%
Indonesia 0.5%
Brazil 0.5%
Luxembourg 0.1%
Region Weighting Fund Change from Previous Quarter
Europe ex-U.K. arrowUp2.6%
Asia/Pacific arrowUp2.0%
Japan arrowUp0.2%
United Kingdom arrowDown1.4%
Americas arrowDown3.9%
EMEA arrowDown0.4%
Cash arrowUp0.9%

Portfolio Positioningas of 06/30/2020

  • Early in the quarter, we began to shift the portfolio by adding risk. We reduced our cash position, started adding cyclicality, and became modestly more value oriented in anticipation of a recovery in the markets.
  • The increase in cyclical industries, including the energy sector, was funded with cash and a reduction in the portfolio's health care allocation, in order to benefit from the expected reopenings of major economies.
  • On the value side, we narrowed our underweight to the financials sector. As a result, the growth tilt in the Fund has been somewhat reduced.
  • Although we need to be wary of a potential second wave of coronavirus infections, we expect that we will see continued steady progress in a reopening of regional economies and as we do, individuals and companies will adapt and adjust to this new operating environment. Most importantly, we are optimistic that we will have put the necessary processes in place and developed innovative medical solutions that will enable us to move forward once again.
  • Additional key risks include the 2020 U.S. Presidential election as well as ongoing U.S.-China relations.

Portfolio Details as of 09/30/2020

Weighted Average Market Cap.
132.1 B
P/E Ratio
23.8x
P/B Ratio
2.5x
Number of Holdings
99
Total Net Assets
$391.08 M

Contributors & Detractors as of  09/30/2020

Contributors

Holding Contribution
Alibaba Group Hldg Ltd 1.1%
Taiwan Semiconductor 0.8%
Nidec Corp. 0.4%
Lonza Group AG 0.3%
Deutsche Post AG 0.3%

Detractors

Holding Contribution
Royal Dutch Shell plc -0.2%
Oil Company Lukoil Pjsc -0.2%
Vipshop Hldgs Ltd -0.2%
Pembina Pipeline Corp. -0.1%
KBC Group NV -0.1%

Attribution Analysis 

International Equity Fund Benchmark Variance
Sector Avg. Weight Base Return Avg. Weight Base Return Stock Selection Group Weight Total

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

Dividend Payments

For
YTD Dividends Paidas of 10/30/2020
$0
Dividend Frequency
Annually
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
12/17/2019 12/18/2019 12/18/2019 $0.08930 $13.56

Upcoming Dividend Payment Dates

This section lists all anticipated income and Capital Gain distribution dates and any actual distributions are subject to adequacy of earnings and must be approved by the Board of Directors/Trustees. Please note that dates are subject to change.

Record Date Ex-Dividend Date Reinvest & Payable Date
12/17/2020 12/18/2020 12/18/2020

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/17/2007 12/18/2007 $0.1644 $1.3663 $1.5307 $14.93

Upcoming Capital Gain Distribution

This section lists all anticipated income and Capital Gain distribution dates and any actual distributions are subject to adequacy of earnings and must be approved by the Board of Directors/Trustees. Please note that dates are subject to change.

Record Date Ex-Dividend Date
12/17/2020 12/18/2020

Fees & Expenses

Fees & Expenses

Expense Ratioas of 09/30/2020

1.92%

Fund Documents

Fund Documents

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Summary Prospectus
Publish Date:11/03/2015
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Statutory Prospectus
Publish Date:11/03/2015
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Prospectus (XBRL)
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Report
Publish Date:11/03/2015
Semi-Annual Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
Commentary
Publish Date:11/03/2015

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Class C - Class C shares are subject to ongoing 12b-1 service and distribution fees as well as a maximum CDSC of 1 percent if you redeem your shares before the first anniversary of your original purchase.

Class C shares are only offered to certain eligible investors.  For additional information, see the Fund’s current prospectus.

Class C - The inception date for Class C Shares is August 31, 2020. The performance quotations for Class C are based on the following methods of calculation: (a) for periods prior to August 31, 2020, a restated figure is used based on the Fund's Class I performance, adjusted to reflect the fees and expenses of Class C Shares ; and (b) for periods after August 31, 2020, actual Class C performance is used reflecting all charges and fees applicable to Class C shares.

Class C - Class C shares are subject to ongoing 12b-1 service and distribution fees as well as a maximum CDSC of 1 percent if you redeem your shares before the first anniversary of your original purchase.

Class F - The inception date for Class F Shares is August 31, 2020. The performance quotations for Class F are based on the following methods of calculation: (a) for periods prior to August 31, 2020, a restated figure is used based on the Fund's Class I performance, adjusted to reflect the fees and expenses of Class F Shares ; and (b) for periods after August 31, 2020, actual Class F performance is used reflecting all charges and fees applicable to Class F shares.

Class F shares are available only to eligible fee-based advisory programs and certain registered investment advisers. For additional information, see the Fund’s current prospectus.

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